Microenterprise IDA superstar : Early Advantage Bilingual Daycare
August 30, 2010 § Leave a comment
It has long been Judette Mondesir’s dream to have her own childcare business – thanks to a matched-savings grant individual development account (IDA) from ECDI, Early Advantage Bilingual Daycare opened in Mondesir’s Hilliard home in January 2010.
What is a microenterprise IDA? Clients who meet eligibility requirements are able to have their personal savings matched by grant dollars (1:1 or 1:2 depending on the funding source), jumpstarting them on the road to small business ownership, development, and improvement.
It was through this program that Judette could learn about operating a home-based childcare business and eventually afford to furnish her space with educational materials, books, and toys. For Judette’s full story, check out her Client Profile on our website.
Wonder if a microenterprise IDA might be your ticket to small business ownership? Submit an inquiry form here!